11.09.17

Fighting Fraud with Lender Document Validation

Because mortgage transactions have significantly larger loan balances than other types of transactions, they are very attractive to fraudsters who are seeking an illicit payday. There are many schemes fraudsters use to steal money from mortgage lenders and their investors. These range from valuation-based schemes, where criminals attempt to mislead the institution as to the exact value of the property, to setting up straw borrowers with fake credit reports.

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10.26.17

Integrated eClosing Solutions – Now a Reality

The industry has been consistently moving closer to digital becoming the standard format for originating, closing and selling mortgages. However, the actual eClose has been one aspect of the digital mortgage transaction that has complicated the progress towards paperless becoming the industry norm. But integrated eClosing solutions are now becoming a reality to benefit the borrower, lender, title and settlement.

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10.19.17

History of eMortgage, Part III

When you consider the eMortgage process: taking a paper file filled with mortgage lending documents that was executed according to complex rules and converting that into an electronic computer file that is just as legally binding as the paper, it’s a little easier to understand why it has taken nearly two decades of work to get the industry as close to that idea as we are today.

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10.10.17

Clearing Up the Confusion: eSignature vs. Digital Signature

Within today’s digitally-driven mortgage environment, new terms and phrases are often created in support of changes within the industry. While these industry terms can often be complex in scope, they are related to a very specific process or procedure within the mortgage space and must be used correctly to avoid confusion amongst lenders and borrowers. For the most part, interchanging industry lingo is avoidable; however, in certain situations two terms may sound extremely similar but relate to two very different aspects.

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08.10.17

Three Ways Document Services Can Help CEOs

Today’s mortgage industry CEOs are focused on digital transformation because it holds the key to competitive advantage, as well as the way to improve efficiency and lower costs. To make the leap from traditional mortgage loan origination to the digital mortgage, CEOs must drive optimization and transparency while also delivering an excellent customer experience.

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05.25.17

eMortgage, Part 2: A Promising Present

 

eMortgage, Part 2: A Promising Present

 

In our previous blog post, we explored eMortgage’s complex past and how the convergence of multiple technological and legal developments enabled eMortgage to arrive at its present state. But where exactly is eMortgage today?


To refresh, eMortgage refers to the electronic completion of the entire mortgage documentation and closing process, including document generation, delivery, signatures, notarization, authentication, closing and validation.

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